HBW Advisory Services LLC Buys 23,771 Shares of Uber Technologies, Inc. $UBER

Key Points

• HBW Advisory Services LLC increased its stake in Uber Technologies, Inc. by 518.7% during the second quarter, acquiring an additional 23,771 shares, bringing their total holdings to 28,354 shares valued at approximately $2.65 million.
• Uber Technologies reported $0.63 earnings per share, exceeding analysts' expectations and a revenue of $12.65 billion, marking an 18.2% year-over-year increase.
• Analysts have raised their price targets for Uber, with Wells Fargo increasing theirs from $119.00 to $127.00, and several suggesting a general "overweight" or "buy" rating.

HBW Advisory Services LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 518.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,354 shares of the ride-sharing company's stock after purchasing an additional 23,771 shares during the period. HBW Advisory Services LLC's holdings in Uber Technologies were worth $2,645,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter valued at $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the period. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 1.3%

Shares of Uber Technologies stock opened at $95.90 on Friday. The stock has a market capitalization of $199.99 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $92.62 and a 200 day simple moving average of $84.58. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.06.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is owned by insiders.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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